Godsey & Gibb Inc. Boosts Holdings in Entergy Co. (NYSE:ETR)

Godsey & Gibb Inc. raised its holdings in Entergy Co. (NYSE:ETR) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,924 shares of the utilities provider’s stock after purchasing an additional 3,230 shares during the period. Entergy accounts for approximately 2.3% of Godsey & Gibb Inc.’s portfolio, making the stock its 14th largest holding. Godsey & Gibb Inc. owned approximately 0.08% of Entergy worth $23,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after buying an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. increased its position in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors raised its stake in Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the last quarter. ClearBridge Investments Ltd lifted its holdings in Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after purchasing an additional 20,025 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Entergy by 22.5% during the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock valued at $6,140,626 over the last quarter. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ETR shares. Scotiabank boosted their price objective on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group boosted their price target on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. KeyCorp raised their price objective on Entergy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Morgan Stanley upped their target price on Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim raised their price target on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.96.

Entergy Stock Up 0.5 %

Shares of NYSE:ETR opened at $135.28 on Monday. Entergy Co. has a 1 year low of $90.78 and a 1 year high of $135.79. The stock has a 50-day simple moving average of $125.66 and a 200-day simple moving average of $114.89. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $28.89 billion, a P/E ratio of 13.57, a PEG ratio of 2.46 and a beta of 0.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the prior year, the business earned $1.84 earnings per share. Equities analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.